We examine the consequences of aging on wealth accumulation and growth in a simple overlapping-generations model. We show that, for some given sets of pension rules, aging is always beneficial for growth and development : lengthening the retirement period provides an incentive for saving more,...

This article details the main concepts, problems and applications related to state-space models. We first present the general framework for these models and we, then, make explicit the algorithms used for the estimation, i.e. the Kalman filter and the EM algorithm. We, finally, analyse four...

Capital taxation in Europe is still under construction. The effective tax rates and legislation differ greatly among member states. This creates obstacles to free movements of capital and double taxation and permits fiscal optimization behaviour and a quasi tax free treatment of non-residents...

Reforming the SGP has become a highly debated issue in Europe. This paper starts with recalling the fiscal policy framework in the euro area : the 3 % of GDP limit for public deficits, stability programmes, the broad economic policy guidelines. The weaknesses of the existing procedures are...

Various forms of de-integration coupled with a management focusing on the shareholder value have characterized the recent evolution of industrial structures. This movement is presented as a mechanism that would result in more efficiency and stability for the market economies. However, firms and...

This article presents and discusses the tax reforms recently implemented in EU countries. Despite globalization, public expenditure and taxes have not been significantly reduced as a per cent of GDP. Although disparate, the national reforms share common grounds : increasing the attractiveness of...

Recent victimization surveys give new data on criminality in different European countries. The statistics show that the evolution of criminality in France is following the same trend as the other European countries and the level of criminality is close to the average of Europe.France is...